BTC/USD: Can Bulls Remain Hope for New Local Heights in Summer
On the weekly chart, Bitcoin (BTC) keeps trading within the narrow ascending channel. The trading volume is slightly going down, however, the liquidity remains at the relatively high level. As one can see the current candle is located above the previous one which means that bears could not seize the initiative in the long-term perspective. To keep rising buyers need to fix above $10,000, in another case, the trend will be changed by the bearish one.
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